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Ichimoku Analysis (hourly chart)
Tenken-Sen- 0.9772
Kijun-Sen- 0.9810
USDCHF is trading weak after forming a minor top around 0.99017. The pair has lost more than 150 pips on account of declining US dollar.DXY lost more than 150 pips from 3-year high 102.99.
Technically, USDCHF is facing immediate support at 0.97200 and any violation below will drag the pair down till 0.9680/0.9635.
The major intraday resistance is at 0.9770, an indicative break above will take the pair to next level till 0.9800/0.9845.
It is good to sell on rallies around 0.9768-70 with SL around 0.9800 for the TP of 0.9660.
